Amortization schedule

 

Home
Site Map
Add Term
Search
About Us
Contributors

Amortization schedule

A schedule of how mortgage debt is changed over time.



Amortization schedule

Similar Matches

Planned amortization class (PAC)

Planned amortization class (PAC)

(1) The class of CMO that has the most stable cash flows and the lowest prepayment risk of any class of CMO Because of a stable cash flow, it is considered the least risky CMO (2) A CMO bond class that stipulates cash flow contributions to a sinking fund. A PAC directs principal payments to the sinking fund on a priority basis in accordance with a predetermined payment schedule, with prior claim to the cash flows before other CMO classes. Similarly, cash flows received by the trust in excess of the sinking fund requirement are also allocated to other bond classes. The prepayment experience of the PAC is therefore very stable over a wide range of prepayment experience.


Amortization factor

Amortization factor

The pool factor implied by the scheduled amortization assuming no prepayments.


Amortization tables

Amortization tables

Mathematical tables lenders use to calculate a borrower's monthly payment.


N Negative Amortization

N Negative Amortization

A condition created when a loan payment is less than interest alone. Even though payments are made on time, the amount owing increases.


Negative amortization

Negative amortization

A loan repayment schedule in which the outstanding principal balance of the loan increases, rather than amortizing, because the scheduled monthly payments do not cover the full amount required to amortize the loan. The unpaid interest is added to the outstanding principal, to be repaid later.


Further Suggestions

Amortization
Amortization
Loan amortization schedule
Amortization
Earnings before interest, taxes, depreciation, and amortization (EBITDA)


 
All rights Reserved. Do not copy without permission.